josephdviviano
Joined 11 years ago
Joined 11 years ago
People who typically become extraordinarily wealthy do so via high-risk, high-reward activities like business ownership.
Now you can argue that the risk reward equation isn't the same for people who have 20 million in the bank and 200 dollars in the bank, and that is very true, but it doesn't make the advice to spend as much as you can on investments incorrect.
I don't understand why technical people waste their time complaining about this stuff. We all have the acumen to read, understand, and debate research.
"Second, any catastrophic wildfires caused by PG&E this year could upend the bankruptcy proceedings. That is because both bondholders’ and shareholders’ reorganization plans allow investors to back out if PG&E even appears to cause any catastrophic wildfires.
Specifically, both groups’ plans give investors the chance to withdraw their financing offers if unexplained fires in PG&E’s service area damage more than 500 buildings—unless its power lines were “de-energized” or turned off, or regulators clear it of responsibility. That may help explain the wide scope of this week’s precautionary power outages."
The management has their backs up against the wall and the interest groups involved don't care at all whether you have power, they just want to extract value from this company.
https://www.barrons.com/articles/pg-e-stock-slumps-after-jud...
I love numbers so let's talk about those using the Iraq war as an example.
Here's an estimate of the number of casualties in the Iraq war: https://www.iraqbodycount.org/
Roughly 200k civilians, 90k combatants.
According to wikipedia, https://en.wikipedia.org/wiki/Multi-National_Force_%E2%80%93... 5k western coalition forces died.
Even if these numbers are wildly inaccurate, I don't like those odds. Yes, it is difficult for the army to actually completely squash the insurgency, but there is a very messy grey zone between "winning" and "losing" where those in power relentlessly oppress the rest at relatively little cost to themselves.
I'm not saying, by the way, not to resist oppression, I am simply saying that the weapons that civilians cannot buy are very very scary, and it is probably wise to pick one's battles.
For lit reviews, I just do it in overleaf + bibtex. I wasted a lot of time with reference managers that I never seemed to use when I was actually writing my papers. When you read a paper you think you will need to cite, write two sentences describing the result and put a reference in an overleaf. That will serve as a great cognitive map when you're trying to find "that thing you read last year" but can't remember the names.
Best part of this is your toolchain is light and flexible (these days I just use git, vscode, conda, and overleaf), and you will have clean github repos to show off when you're looking for the next step post-PhD.